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Strategies & Market Trends : TRIPLE TRADES
OPEN 6.555-0.1%Nov 7 9:30 AM EST

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To: da_cheif™ who wrote (3607)1/4/2024 8:26:20 AM
From: Bull RidaH  Read Replies (1) of 4397
 
"so how u gonna handle 50 k dow"

50 k may be impossible, but 40 k now looks pretty likely by April. I've always thought the greatest bull market in the history of the world would end in no other way but an Ending Diagonal, and now that formation appears to be developing off the Oct '22 low.

An ED gives the bulls a few more months of extra party time, which gives the elite a few more needed months to distribute overpriced shares to bagholders. The Armstrong Economic Confidence Model (which I'm sure you have hung above your computer) supports this timing (chart below). Black Swann event possibly later on in 2nd quarter '24?



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